In a bid to build Wi-Fi drones, data servers and virtual reality goggles faster, social media giant Facebook has acquired Silicon Valley-based start-up Nascent Objects for an undisclosed sum, a media report said.

The acquisition is part of Facebook CEO Mark Zuckerberg’s 10-year plan which includes big bets in artificial intelligence, virtual reality and internet access, CNET reported on Monday.

The startup which will be a part of Building 8, Facebook’s secret initiative for developing hardware, makes tools to help speed up the process of building physical hardware prototypes.

The startup specialises in “modular electronics,” which allows to swap out interchangeable hardware parts.

Facebook hires Anand Chandrasekaran

Facebook has hired Anand Chandrasekaran, a former Yahoo executive who was working as chief product officer at e-tailer Snapdeal, to boost future prospects for its Messenger app.

Based out of Facebook’s Silicon Valley headquarters, Chandrasekaran will focus on building strategies and partnerships for Messenger which hit one billion users in July this year.

“They say the best journeys bring you home. We embarked on one two-and-a-half years ago, and it has been nothing short of incredible. I am super excited to share that building on the learning and experiences, I am joining Facebook to work on Facebook Messenger platform,” Chandrasekaran wrote in a Facebook post on Tuesday.

“Core to every major platform I’ve worked on is a belief that technology should help level the playing field for all-something that is at the heart of Facebook and Messenger,” he added.

Chandrasekaran co-founded Aeroprise, a mobile applications software company.

India has become a critical market for Facebook which is now second only to the US in terms of Facebook users.

“Messenger is going to be the next big platform for sharing privately,” Facebook CEO Mark Zuckerberg recently said.

“Connecting India is an important goal we won’t give up on, because more than a billion people in India don’t have access to the internet,” Zuckerberg wrote in a Facebook post. IANS